It’s not so much the scale as the speed of Australian Retirement Trust’s growth that makes investing tough. A big allocation today might be a tiny slice of the pie tomorrow.
As Australian superannuation assets approach A$4 trillion, politicians on both sides of the divide will be tempted to dip into this massive nest egg to meet their fiscal needs, writes Rob Prugue.
Delaney to chair FEAL
The Fund Executives Association Ltd (FEAL), Australia’s peak professional development body for super fund executives, has appointed former QIC and AMP exec Brian Delaney as its new chair.
Brian Delaney will take over as chair of FEAL on May 3, continuing a long association with the organisation that dates back to his establishing its Fund Executive of the Year Award more than 20 years ago. He takes over from Jane Perry, who will step down from the role after a six-year tenure.
“We thank our outgoing chair Jane Perry for her service over the last six years. It has been an absolute pleasure working with Jane,” said Joanna Davison, FEAL CEO. “She leaves FEAL in a position of great strength and well placed for future success. During her tenure the number of scholarship’s FEAL offers has grown, now including the opportunity to study at an international business school as well as at the Australian Institute of Company Directors and the Cranlana Centre for Ethical Leadership.”
“In spite of the challenging times we have all faced, FEAL continues to enjoy the support of its members and sponsors and has successfully run hybrid, virtual and live events during the pandemic as well as its flagship Masters course at Melbourne Business School. We are delighted to welcome Brian to the position of chair and to have his experience and expertise to guide us in this next chapter.”
Delaney brings more than 30 years of funds management experience to the role, gained during his tenure with QIC and AMP Capital. As US senior managing director, Delaney led QIC’s efforts to foster client relationships and business development opportunities in the US, supporting the corporate strategy across four offices in New York City, San Francisco, Cleveland, and Los Angeles.
“I am humbled to have been offered the role as chair and want to acknowledge the tremendous work Jane has done for FEAL during her tenure,” Delaney said. “I have long admired the critical role that FEAL plays in providing outstanding executive education and professional development to its members.”
“These services are vital to improve capability and professionalism across our sector. I am looking forward to working with Joanna, my fellow directors and the team to continue to help FEAL work with fund executives to achieve the best possible outcomes for their members.”
